Y Combinator, the accelerator and early backer behind companies like Airbnb and DoorDash, said that someday all of its portfolio companies will use crypto.
"We think all YC companies will use crypto technology, like stablecoins, before long," the firm said in a post. "Not just crypto startups, not just fintech startups, but every company."
The firm has also backed companies like Coinbase, OpenAI, Stripe, Reddit, OpenAI and Kalshi.
Y Combinator's post was principally focused on convincing Congress to pass the crypto market structure bill known as the Clarity Act. The legislation holds the promise of possibly unlocking a massive wave of fresh investment into digital assets by providing regulatory clarity and establishing rules for how crypto assets are issued, traded and overseen in the U.S.
For a new era in digital assets to begin, Y Combinator argues that crypto needs to integrate with traditional financial institutions like banks and brokers. The accelerator said that Clarity Act paves the way for that integration.
